Picture of London Stock Exchange logo

LSEG London Stock Exchange News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsConservativeLarge CapNeutral

REG - LondonStockExGroup - Director/PDMR Shareholding

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240315:nRSO0396Ha&default-theme=true

RNS Number : 0396H  London Stock Exchange Group PLC  15 March 2024

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES OR CONNECTED PERSONS

Following the commencement of his employment as Group Chief Financial Officer
of London Stock Exchange Group plc (the "Company") on 26 February 2024 and
appointment to the Board of the Company on 1 March 2024, Michel-Alain Proch
was granted awards over shares in the Company as detailed below on 13 March
2024 (the "Awards").

Consistent with the Company's approved Remuneration Policy, and as set out in
its announcement on 20 November 2023, the Company agreed to make the Awards to
compensate Mr Proch for certain incentive arrangements which he forfeited on
leaving his former employer to join the Company.

The Awards comprise:

·    A performance share award under the Company's Restricted Share Award
Plan 2018 ("RSAP") over 19,507 shares with a face value of £1,728,737 (the
"PSU Award").

The PSU award will vest as soon as practicable following Publicis Groupe's
formal confirmation of, and the number of shares that vest will reflect, the
performance outcome of the forfeited Publicis Groupe 2022 LTIP award. The PSU
Award will vest no earlier than March 2025.

·    A conditional share award under the RSAP over 11,277 shares with a
face value of £999,427 (the "RSU Award").

The RSU Award will vest in March 2026. Vesting will not be subject to
performance conditions.

Further details about the Awards will be set out in the Directors'
Remuneration Report for the 2023 financial year.

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES OR CONNECTED PERSONS

This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Michel-Alain Proch
 2   Reason for the notification
 a)  Position/status                                              Group Chief Financial Officer
 b)  Initial/Amendment notification                               Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         London Stock Exchange Group plc
 b)  LEI                                                          213800QAUUUP6I445N30
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument

                                                                  Ordinary shares of 6 (79)/(86) pence each

     Identification code

                                                                  ISIN: GB00B0SWJX34
 b)  Nature of the transaction                                    (1)  Grant of a performance award over ordinary shares under the London Stock
                                                                  Exchange Group Restricted Share Award Plan 2018 ("RSAP") to replicate the
                                                                  commercial value of deferred compensation forfeited on departure from previous
                                                                  employer.

                                                                  (2)  Grant of a conditional award over ordinary shares under the RSAP to
                                                                  replicate the commercial value of deferred compensation forfeited on departure
                                                                  from previous employer.
 c)  Price(s) and volume(s)

        Price(s)  Volume(s)
                                                                  (1)            Nil       19,507
                                                                  (2)            Nil       11,277
 d)  Aggregated information

     -     Aggregated volume                                      30,784

     -     Price
 e)  Date of the transaction                                      13 March 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

 

30,784

e)

Date of the transaction

13 March 2024

f)

Place of the transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFIFVTVDIELIS

Recent news on London Stock Exchange

See all news